Acquisition Circular Mailed
January 27 2009 - 3:38PM
Marketwired
Fortuna Silver Mines Inc. (TSX VENTURE: FVI)(BVLAC: FVI) and
Continuum Resources Ltd. (TSX VENTURE: CNU) are pleased to announce
that Continuum Resources has sent to its shareholders a Notice of
Meeting and Management Proxy Circular describing the terms of
Fortuna Silver Mines' proposed acquisition (the "Acquisition") of
all the issued and outstanding securities of Continuum. A meeting
of the shareholders of Continuum has been called for February 23,
2009 to approve the Acquisition. Completion of the Acquisition is
also subject to certain other conditions including court approval
and acceptance for filing by the TSX Venture Exchange.
The terms of the Acquisition provide for the issuance of 0.0564
of a Fortuna common share to be issued for every one Continuum
common share outstanding. If the Continuum shareholders approve the
transaction and all other conditions are satisfied, completion of
the Acquisition is expected to occur on or about March 13,
2009.
The companies currently hold jointly the San Jose Project in
Mexico (Fortuna 76%; Continuum 24%). As a result of the
Acquisition, Fortuna will own 100% of the San Jose Project, thus
strengthening its position in that country.
ON BEHALF OF THE BOARD OF FORTUNA SILVER MINES INC.
Jorge Ganoza, President & CEO
ON BEHALF OF THE BOARD OF CONTINUUM RESOURCES LTD.
Warren McIntyre, Director
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Fortuna Silver Mines Inc. - Vancouver Office Erin
Ostrom (604) 484-4085 Fortuna Silver Mines Inc. - Lima Office
Carlos Baca (511) 616-6060 Website: www.fortunasilver.com Continuum
Resources Ltd. Vancouver Office (604) 629-0000 Website:
www.continuumresources.com
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